security deposit

When entering a lease, you’re providing the landlord with the first month’s rent and a security deposit.

"There are one-time costs such as the security deposit, application fees and potential broker fees. Moving expenses can be surprisingly high — even if you're moving only a short distance."

You will no longer be required to pay rent and your landlord must return your security deposit.

The truth is that less than 10% of pets cause damage, and when damage does occur, the average cost of repairs is $210, much less than the average security deposit.

Still, it’s not quite as cheap as it seems: Each tenant must come up with a security deposit of about $10,000.